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NRG Energy, Inc FY 2025 10-K, explained in plain English

NRG · 10-K for the period ending December 31, 2025, filed February 24, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$30.3B
Gross margin— not reported
Operating income$1.8B
Net income$864.0M
Diluted EPS$4.01
Cash & equivalents$4.7B
Total assets$29.1B
Long-term debt$16.4B

Key takeaway

NRG closed 2025 with $30.3 billion in revenue, $1.85 billion operating income, and $864 million net income, translating to $4.01 diluted EPS.

🔒 4 more takeaways in the full analysis

Beneath the surface

Total debt/capital lease obligations of $16.6 billion versus $4.7 billion cash leaves a net debt position near $11.9 billion, a material leverage figure not obvious from the headline debt line alone.

🔒 4 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for NRG.

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